Baby Jumps in Crude Oil

18Sep3:52 pmEST

BTFD TV Appearance

Here was my appearance on BTFD.tv with my friend and Market Chess Subscription Services member, @iuubob. As always, it was an enjoyable time and I hope you find the discussion worthwhile. Have a great weekend!

18Sep12:41 pmEST

Chirping Away in a Quiet Forest

Since the gap down this morning, we have a grinding session on many fronts, with the market a bit apparently hungover from yesterday afternoon's fireworks. Some interesting stocks are showing relative strength, though, including Twitter. TWTR continues to be controversial on many fronts, int terms of their management and potential long-term...

18Sep10:38 amEST

Guarded from Danger

The ongoing issue for this market is whether glamorous Nasdaq growth leaders will continue to be shielded from broad market volatility and some of the carnage we are now seeing in financials. Specifically, AMZN CMG FB GOOGL PCLN TSLA UA are not only barely lower this morning, but have suffered very little, if no, technical damage in the face...

17Sep5:09 pmEST

Stock Market Recap 09/17/15 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services . In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

17Sep2:44 pmEST

Uncertainty and Fog in the Forecast

With the Fed taking a pass on raising rates, there is an even more colorable argument to now be made that they are essentially "trapped" from raising, or at least they feel as though they are. The old axiom is that markets tend to hate uncertainty. And with the Fed stand pat there seems to be even more confusion as to when they will tighten,...

17Sep12:45 pmEST

The Hunt for Red Bonds in October

The multi-decade bull run in Treasuries is another facet of the Fed decision today, in terms of keying off rates on the 10-year. I still think another move over 3% would signal a major sea change. Recently, bonds now, bonds have been grinding lower since a dramatic spike up and reversal on August 24th, coinciding with the flash down in...

17Sep10:42 amEST

Complex Mind Games

Headed into the Fed later today, there are so many ways to try to predict what the Fed will do and, more importantly, how the market will react. As always, though, the market is the final arbiter and will determine the resolution. The SPY, for example, an S&P 500 ETF, below, shows a "running" rising wedge higher after the late-August swoon. ...

16Sep5:01 pmEST

Stock Market Recap 09/16/15 {Video}

The following video is a brief, condensed version of the Stock Market Recap which I present each evening to members of Market Chess Subscription Services . In the longer version, I offer tons of actionable trade ideas, educational content, and in-depth objective analysis across all markets. If you enjoy my videos and blog posts, then please...

16Sep2:41 pmEST

Whoever Said the Rhyme Most Certainly Did This Crime

The price action in natural gas today is a good counter-point to the enthusiasm we are seeing other commodities, namely crude oil, copper, and the precious metals. Specifically, headed into the inventory report tomorrow morning natty is failing to confirm the major bottom many have been expecting. On the updated daily chart for the ETF,...

16Sep12:19 pmEST

Baby Jumps in Crude Oil

While this morning's price action in crude oil is no doubt a reprieve for bulls holding from higher prices in fishing out the bottom to a steep bear market, the ETF's declining 50-day moving average (dark blue line on daily chart, below) is providing initial resistance, for example. Beyond ETF analysis, though, is the notion that commodities...